Interesting. This definitely makes it easier for that first time home buyer to close on a home. No need to bring all that extra cash for those pesky closing costs. Still, is this just more of the same nonsense that got us into this mess? Time will tell. There are an alarming number of FHA loans delinquent right now, yet these are the loans lenders are pushing. On the other hand, we need buyers to buy, and any incentive to get them off the fence will help values come up more quickly.
REALTOR® Magazine-Daily News-HUD: Tax Credit Can Be Used on Closing Costs
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